“This survey lays bare the true plight of the UK’s SMEs. The single biggest issue facing them is getting access to finance. What is even more concerning is that the vast majority of SMEs are totally unaware that they are able to access alternative finance from non-bank providers. If the banks and alternative finance providers could work together to ensure that the UK’s SMEs are directed to the most appropriate sources of finance for them, rather than just being rejected at the first hurdle, then we could jointly ensure that the UK’s catalyst for economic growth is provided with the financing it so desperately requires.”

Cashflow Solutions Are Not All Invoice Finance

Your business may not suit invoice finance, you may have a different trading cycle. There are still loads of options out there for you.

For example, did you know;

You can get an overdraft that is not from your bank?

You can borrow up to £150k without needing to put your house on the line?

Short term business loans are not payday loans, the interest cost is sensible and you can typically complete within a few days?

You don’t need your bank’s consent to do any of these things?

All we are saying is give peace a chance that you have options to get your cashflow sorted, just make sure you use them. Then grow and have a cracking 2014!